An insurance broker can be described as a middleman. The role of the insurance broker is to mediate on insurance-based transactions between individuals or businesses seeking insurance coverage and the insurance companies providing the insurance products.
Insurance brokers have many roles and responsibilities, which include handling the transaction of insurance products from different companies. They also mitigate different risk types. These insurance brokers can either be self-employed or salaried, which may affect their range of roles and responsibilities.
Are you interested in becoming an insurance broker or learning more about this profession? Here are ten different insurance broker roles and responsibilities:
